Workflow
SentinelOne(S) - 2026 Q1 - Quarterly Results
SSentinelOne(S)2025-05-28 20:09

Revenue and Growth - Total revenue increased 23% year-over-year to 229.0million,comparedto229.0 million, compared to 186.4 million[4] - Annualized recurring revenue (ARR) rose 24% year-over-year to 948.1millionasofApril30,2025[4]−CustomerswithARRof948.1 million as of April 30, 2025[4] - Customers with ARR of 100,000 or more grew 22% to 1,459 as of April 30, 2025[4] - Revenue for the three months ended April 30, 2025, was 229,029,000,representinga22.8229,029,000, representing a 22.8% increase from 186,355,000 in the same period of 2024[36] Profitability and Margins - GAAP gross margin improved to 75%, up from 73%[4] - Non-GAAP gross margin guidance for full FY2026 is between 78.5% and 79.5%[6] - Free cash flow margin increased to 20%, up from 18% year-over-year[4] - Non-GAAP operating margin guidance for full FY2026 is projected at 3% to 4%[6] - GAAP net loss margin was reported at (91)%, while the non-GAAP net income margin was 3%[42] - Operating cash flow margin remained stable at 23% for both periods[45] Expenses and Losses - Net loss for the three months ended April 30, 2025, was 208,193,000,comparedtoanetlossof208,193,000, compared to a net loss of 70,105,000 in the prior year, resulting in a net loss per share of 0.63[36][39]−ResearchanddevelopmentexpensesforthethreemonthsendedApril30,2025,were0.63[36][39] - Research and development expenses for the three months ended April 30, 2025, were 72,253,000, up from 58,321,000in2024[36][39]−Thecompanyreportedstock−basedcompensationexpenseof58,321,000 in 2024[36][39] - The company reported stock-based compensation expense of 68,655,000 for the three months ended April 30, 2025, compared to 58,553,000intheprioryear[36][41]−Thecompanyreportedastock−basedcompensationexpensecontributing3058,553,000 in the prior year[36][41] - The company reported a stock-based compensation expense contributing 30% to the net loss margin[42] - Non-GAAP operating loss for the three months ended April 30, 2025, was 3,927,000, compared to a non-GAAP operating loss of 11,081,000in2024[41]CashFlowandAssets−Cashprovidedbyoperatingactivitieswas11,081,000 in 2024[41] Cash Flow and Assets - Cash provided by operating activities was 52,274,000 for the three months ended April 30, 2025, compared to 42,003,000inthesameperiodof2024[38]−GAAPnetcashprovidedbyoperatingactivitiesincreasedto42,003,000 in the same period of 2024[38] - GAAP net cash provided by operating activities increased to 52,274,000 from 42,003,000year−over−year[45]−Freecashflowfortheperiodwas42,003,000 year-over-year[45] - Free cash flow for the period was 45,444,000, up from 33,756,000inthepreviousyear,reflectingafreecashflowmarginof2033,756,000 in the previous year, reflecting a free cash flow margin of 20%[45] - Total current assets decreased to 1,030,598,000 as of April 30, 2025, from 1,069,722,000asofJanuary31,2025[34]−Totalassetsdecreasedto1,069,722,000 as of January 31, 2025[34] - Total assets decreased to 2,383,951,000 as of April 30, 2025, from 2,406,625,000asofJanuary31,2025[34]−Netcashusedininvestingactivitiesdecreasedto2,406,625,000 as of January 31, 2025[34] - Net cash used in investing activities decreased to (65,592,000) from (106,264,000)year−over−year[45]LiabilitiesandShareholderActions−Totalliabilitiesincreasedto(106,264,000) year-over-year[45] Liabilities and Shareholder Actions - Total liabilities increased to 837,409,000 as of April 30, 2025, compared to 737,378,000asofJanuary31,2025[34]−Thecompanyannounceda737,378,000 as of January 31, 2025[34] - The company announced a 200.0 million share repurchase program, reflecting confidence in long-term growth[3] - The number of GAAP basic and diluted shares increased to 327,976,349 from 309,547,693[42] Future Guidance - The company expects Q2 FY2026 revenue guidance of $242 million[6]